PPG SVP Robert L. Massy Receives Phantom Stock Award

What Happened

Robert L. Massy, Senior Vice President and Chief Human Resources Officer of PPG Industries (PPG), was granted a derivative award on August 14, 2026: 0.147 phantom stock units valued at $114.11 per share (total ≈ $17). This was recorded as an award/acquisition of a derivative instrument (not an open-market purchase).

Key Details

• Transaction date: 2026-08-14; Form 4 filed: 2026-08-17 (filed within the required reporting window).
• Transaction type/code: A — Grant/Award (derivative phantom stock units).
• Amount: 0.147 shares attributed; price used: $114.11; reported value ≈ $17.
• Shares owned after transaction: not specified in the filing.
• Footnotes:
  • F1: The security converts to common stock on a one-for-one basis.
  • F2: References timing related to termination of employment.
  • F3: These are phantom stock units in PPG’s Deferred Compensation Plan; unit counts/value can change based on the plan’s stock/cash fund.

Context

This was a compensation-related award (phantom/deferred stock), which is typically routine for executives and not an open-market bullish purchase signal. Phantom stock units represent an unfunded interest in a unitized stock/cash fund and may convert to common shares or payout per plan terms (see footnotes).